Home / Knowledge / News / Textiles / Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Mar '14
The Kingdom of Saudi Arabia is planning to construct a plant that could directly convert crude oil into petrochemicals like ethylene and propylene, without first refining the oil, Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, has said, reports Saudi Gazette.
Saudi Arabia is the world’s largest crude oil exporter and the Saudi Arabian Oil Company (Saudi Aramco) has been researching for years to find ways to directly make ethylene and propylene from crude oil.
Addressing a conference in Yanbu, a major Red Sea port in the Al Madinah province of western Saudi Arabia, located at about 300 km northwest of Jeddah, Mr. Al-Naimi said the Ministry is studying an innovative technology to set up an integrated industrial plant for the production of petrochemicals from crude oil, without any need to build a conventional oil refinery.
The proposed oil-to-petrochemicals complex would be built at Yanbu, in collaboration with Saudi Basic Industries Corp (SABIC), one of the world’s largest chemicals companies.
Mr. Al-Naimi said the proposed oil-to-petrochemicals project would create new employment opportunities for Saudi youth in Yanbu, which already boasts of several oil refineries and petrochemical plants.
Saudi Arabian economy heavily depends on revenues from export of crude oil and hence the Government’s strategy is to diversify the economy by developing the country’s petrochemical sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search